Japan's biggest city gas supplier, Tokyo Gas Co., said it received its first LNG cargo from Chevron Corp'.s (NYSE: CVX) $54 billion Gorgon export facility in Australia.
The Energy Confidence vessel carrying about 70,000 tonnes of LNG arrived on Sept. 10 at the company's Ohgishima LNG terminal in Yokohama near Tokyo, a company spokesman said on Sept. 12.
Chubu Electric received Japan's first cargo from the project around April, a Chubu spokesman said.
Tokyo Gas signed a contract in 2009 to buy 1.1 million tonnes of LNG annually from the project for 25 years on a free-on-board (FOB) basis.
Production has resumed after the world's most expensive LNG project shut down in April due to technical problems shortly after exporting its first cargo.
Gorgon is a joint venture of the Australian subsidiaries of operator Chevron, which has a 47.3% stake; ExxonMobil Corp. (NYSE: XOM) and Royal Dutch Shell Plc (NYSE: RDS.A) have 25% each; Osaka Gas has 1.25%; Tokyo Gas has 1%; and Jera Co., the joint venture of Tokyo Electric Power and Chubu Electric Power, has a stake of less than 0.5%.
Gorgon will have the capacity to produce 15.6 million tonnes of LNG per year after second and third production lines, known as trains, are added by 2017.
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